After more than three years of delays, sales are now officially underway at Chelsea’s the Carriage House, the former horse stable at 159 West 24th Street that Broad Mill Development Group has converted to 24 high-end condominiums. The Michael Schmitt-designed project, which preserved the stable’s original limestone façade, exposed brick walls and cast-iron columns, is offering up studios, one- and two-bedroom units as well as duplex lofts and penthouses, with interiors designed by Gustavo Martinez and with prices ranging from $695,000 to $3.6 million. There’s also a roof deck and eight private indoor parking spots, two of which are reserved for penthouse buyers and the rest of which are up for sale for $200,000 each. TRD [more]

From left: 159 West 24th Street, 200 Eleventh Avenue and 148 East 24th Street

Despite city policymakers and environmentalists advocating against motor vehicles on Manhattan Island, several developers are betting that wealthy homebuyers still value their cars, the New York Times reported. And in a bizarre twist, three of the most notable new condominiums with parking stand along 24th Street. In Chelsea, there’s the Millhouse Properties-developed 159 West 24th Street, an eight-story, 24-unit building with eight internal parking spaces. While two are reserved for penthouse buyers, the remaining six will sell for $200,000. Four avenues west along 24th Street is 200 Eleventh Avenue, developed by Young Woo & Associates and Urban Muse, where most of the building’s sixteen units come with a parking space next to the living room. [more]

The developer of a troubled luxury condominium conversion project in Chelsea is facing lawsuits from two lenders for a total of roughly $20 million. Flatiron District-based Broad Mill Development Group converted a former 1901 horse stable building at 159 West 24th Street at Seventh Avenue into 24 high-end apartments. (Note: correction appended) But in the midst of the economic downturn, Carriage House Chelsea has not been able to repay its loans. In 2006, Broad Mill took out $14.5 million in acquisition and development loans from Midfirst Bank, based in Oklahoma. But after the borrowers failed to repay by May 1, after two extensions, Midfirst Bank filed suit in June in New York State Supreme Court to foreclose on the loan. [more]